Barclays beats consensus with FICC to the fore

By Jasper Cox
01 Aug 2019

Barclays performed better than its peers in fixed income, currencies and commodities over the first half of the year, helping it beat consensus estimates when it reported results on Thursday. The slide in sterling and a one-off gain from the IPO of Tradeweb flattered the results in its home currency.

Barclays International, comprised of the corporate and investment bank and the consumer, cards and payments division, made £3.90bn in income in the second quarter, a 5% increase on the equivalent quarter of 2018, and 7% above consensus estimates. Profit before tax stood at £1.22bn, down 6% on ...

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